The board of Emaar Properties, Dubai's largest developer, has approved a one-time special dividend of Dh4.4 billion ($1.19 billion), or Dh0.5 per share, to shareholders, following a board meeting held Wednesday to discuss the company's capital allocation strategy.
In a disclosure to the Dubai Financial Market, Emaar said the special payout is in addition to its regular annual dividend and is aimed at enhancing shareholder value. The special dividend builds on a run of record results for the developer; Emaar Properties shareholders in March approved a 100 percent dividend payout amounting to Dh8.8 billion at the company's annual general meeting.
The payouts follow a year in which the company recorded its highest-ever property sales of Dh80.4 billion, a 16 percent increase compared to 2024. Total revenue for 2025 reached Dh49.6 billion, a 40 percent year-on-year increase, while EBITDA grew 33 percent to Dh25.6 billion. Net profit before tax reached Dh25.7 billion, up 36 percent year-on-year, with the revenue backlog from property sales reaching Dh155 billion, providing strong visibility for future revenue recognition.
The one-time special dividend remains subject to shareholder approval at the company's general assembly, as well as any required regulatory approvals. Emaar said further details on the record date and payment date will be disclosed in due course. Separately, the board reviewed proposals relating to utilizing the company's various businesses to create additional value for shareholders, requesting further legal and financial analysis of certain proposals ahead of final approval.